Iridium stake update from Silver Heights Capital

Silver Heights Capital Management Inc. reported beneficial ownership of 3,274,947 shares of Iridium Communications Inc. common stock, representing 3.1% of the class.

Rhea-AI Filing Summary

Silver Heights Capital Management Inc. reported beneficial ownership of 3,274,947 shares of Iridium Communications Inc. common stock, representing 3.1% of the class. Of these shares, 2,484,922 are subject to sole voting and dispositive power and 790,025 are subject to shared voting and dispositive power. The filing confirms that Silver Heights Capital Management Inc. now holds 5 percent or less of this class of securities.

Key Figures

Beneficially owned shares: 3,274,947 shares Percent of class: 3.1% Sole voting and dispositive power: 2,484,922 shares +1 more

4 metrics

Beneficially owned shares 3,274,947 shares Common stock beneficially owned by Silver Heights Capital Management Inc.

Percent of class 3.1% Percentage of Iridium Communications Inc. common stock class

Sole voting and dispositive power 2,484,922 shares Shares over which Silver Heights has sole voting and dispositive power

Shared voting and dispositive power 790,025 shares Shares over which Silver Heights has shared voting and dispositive power

Key Terms

beneficially owned, sole voting power, shared dispositive power, percent of class

4 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 3,274,947"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole Voting Power 2,484,922.00 6 | Shared Voting Power 790,025.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared dispositive power financial

"Shared Dispositive Power 790,025.00 9 3,274,947.00"

percent of class financial

"Item 4. | Ownership (b) | Percent of class: 3.1%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Iridium Communications Inc. (IRDM) does Silver Heights Capital Management own?

Silver Heights Capital Management Inc. beneficially owns 3.1% of Iridium Communications Inc.’s common stock, representing 3,274,947 shares as disclosed in this Schedule 13G/A amendment.

How many IRDM shares does Silver Heights Capital Management have sole voting power over?

Silver Heights Capital Management Inc. has sole voting power over 2,484,922 shares of Iridium Communications Inc. common stock, according to the ownership breakdown in the Schedule 13G/A filing.

How many IRDM shares does Silver Heights Capital Management share voting power over?

Silver Heights Capital Management Inc. has shared voting power over 790,025 Iridium Communications Inc. common shares, which also correspond to shared dispositive power over the same number of shares.

What is the total number of IRDM shares beneficially owned by Silver Heights Capital Management?

Silver Heights Capital Management Inc. beneficially owns a total of 3,274,947 Iridium Communications Inc. common shares, combining both shares with sole and shared voting and dispositive powers.

Does Silver Heights Capital Management report owning more than 5% of IRDM’s common stock?

No. Silver Heights Capital Management Inc. reports beneficial ownership of 5 percent or less of Iridium Communications Inc.’s common stock, specifically 3.1% of the outstanding class.

Who signed the Iridium Communications Inc. Schedule 13G/A for Silver Heights Capital Management?

The Schedule 13G/A for Iridium Communications Inc. was signed by Trish Campbell, Chief Compliance Officer of Silver Heights Capital Management Inc., dated 08/12/2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 03:01 PM Accepted by SEC EDGAR 08/12/2026 - 03:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Iridium Communications Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46269C102

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 46269C102

1

Names of Reporting Persons

Silver Heights Capital Management Inc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,484,922.00
6	Shared Voting Power 790,025.00
7	Sole Dispositive Power 2,484,922.00
8	Shared Dispositive Power 790,025.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,274,947.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Iridium Communications Inc.
(b)	Address of issuer's principal executive offices: 1676 INTERNATIONAL DRIVE, 1676 INTERNATIONAL DRIVE, MCLEAN, VIRGINIA, 22102.
Item 2.
(a)	Name of person filing: Silver Heights Capital Management Inc.
(b)	Address or principal business office or, if none, residence: 333 Bay Street, Suite 1140, Toronto, Ontario, M5H 2R2
(c)	Citizenship: See Item 4 of Covered Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 46269C102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,274,947
(b)	Percent of class: 3.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,484,922
	(ii) Shared power to vote or to direct the vote: 790,025
	(iii) Sole power to dispose or to direct the disposition of: 2,484,922
	(iv) Shared power to dispose or to direct the disposition of: 790,025
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Silver Heights Capital Management Inc

Signature:	/s/Trish Campbell
Name/Title:	Chief Compliance Officer
Date:	08/12/2026